Short Interest in Invesco Dorsey Wright Consumer Staples Momentum ETF (NASDAQ:PSL) Grows By 800.0%

Invesco Dorsey Wright Consumer Staples Momentum ETF (NASDAQ:PSL) was the recipient of a large growth in short interest during the month of January. As of January 31st, there was short interest totalling 900 shares, a growth of 800.0% from the January 15th total of 100 shares. Based on an average daily trading volume, of 2,700 shares, the short-interest ratio is presently 0.3 days.

Institutional Trading of Invesco Dorsey Wright Consumer Staples Momentum ETF

Several hedge funds and other institutional investors have recently bought and sold shares of PSL. LPL Financial LLC lifted its holdings in shares of Invesco Dorsey Wright Consumer Staples Momentum ETF by 21.6% in the 4th quarter. LPL Financial LLC now owns 27,379 shares of the company’s stock worth $2,873,000 after acquiring an additional 4,857 shares during the last quarter. IMC Chicago LLC lifted its stake in Invesco Dorsey Wright Consumer Staples Momentum ETF by 74.6% in the fourth quarter. IMC Chicago LLC now owns 18,258 shares of the company’s stock worth $1,916,000 after purchasing an additional 7,799 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Invesco Dorsey Wright Consumer Staples Momentum ETF during the fourth quarter valued at about $373,000. Meridian Wealth Management LLC bought a new position in shares of Invesco Dorsey Wright Consumer Staples Momentum ETF during the third quarter valued at about $206,000. Finally, Sunbelt Securities Inc. increased its holdings in shares of Invesco Dorsey Wright Consumer Staples Momentum ETF by 46,775.0% in the third quarter. Sunbelt Securities Inc. now owns 1,875 shares of the company’s stock worth $191,000 after buying an additional 1,871 shares during the period.

Invesco Dorsey Wright Consumer Staples Momentum ETF Stock Up 0.3 %

Shares of NASDAQ PSL traded up $0.37 during mid-day trading on Wednesday, reaching $111.98. 1,195 shares of the company were exchanged, compared to its average volume of 3,582. The stock has a market capitalization of $94.06 million, a PE ratio of 25.07 and a beta of 0.73. Invesco Dorsey Wright Consumer Staples Momentum ETF has a 52 week low of $91.27 and a 52 week high of $113.11. The company’s 50 day moving average price is $108.06 and its 200 day moving average price is $103.93.

Invesco Dorsey Wright Consumer Staples Momentum ETF Dividend Announcement

The company also recently disclosed a dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 23rd were issued a dividend of $0.2084 per share. The ex-dividend date was Monday, December 23rd.

About Invesco Dorsey Wright Consumer Staples Momentum ETF

PowerShares Dynamic Consumer Staples Sector Portfolio (the Fund) seeks investment results that correspond generally to the price and yield of the Dynamic Consumer Staples Sector Intellidex Index (the Index). The Fund will normally invest at least 80% of its total assets in common stocks of consumer staples companies.